https://www.taxtmi.com/caselaws?id=215811 The High Court upheld the decisions of the Tribunal and Commissioner of Income Tax (Appeals), dismissing the revenue's appeal challenging the addition of Rs.8.65 lacs for the Candy House property purchase and Rs.22,75,000/- as gifts received. The court found no substantial question of law in both issues, as the respondent provided sufficient evidence to support the transactions, including explanations for the property value and documentation for the gifts received, leading to the appeal's dismissal. en-us Tue, 24 Jul 2012 00:00:00 +0530 Sat, 18 Aug 2012 12:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=215811 The High Court upheld the decisions of the Tribunal and Commissioner of Income Tax (Appeals), dismissing the revenue's appeal challenging the addition of Rs.8.65 lacs for the Candy House property purchase and Rs.22,75,000/- as gifts received. The court found no substantial question of law in both issues, as the respondent provided sufficient evidence to support the transactions, including explanations for the property value and documentation for the gifts received, leading to the appeal's dismissal. Case-Laws Income Tax Tue, 24 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=215811